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lately sharp stock in on the rebound with the yen dropping in value and statement that they expect to turn a profit for the last quarter of the fiscal year along with the money from qualcom. However they still have a heavy burden of debt to deal with. I am surprised that we haven't heard anything yet.
quote:
Originally posted by midsmanuk:
Why would Sharp sell a highly profitable business unit they are more likely to dispose of units which are loss making, its a well known fact that they have already turned down offers for the print business from Samsung.


PLease up until 7 months ago, Sharp had stated the there was no interest in selling the MFP division. MY how things have changed after the delayed qualcom money, the loss of the Hon Hai deal. Sharp as stated here and in news stories is NOT in complete control of their future. Two major Japanese banks also call the shots with sharp execs. If the right deal is offered that would allow Sharp to become the premiere lcd display manufacturer in the world, then I think sharp will sell the MFP division.
Midsmanuk,

Who would want to buy an unprofitable division? And what value would it bring? Certainly not enough to pay off Sharps massive debts.

I don't believe anyone thinks that Sharp wants to sell their profitable copier division, but when their debtors say "pay up, now!" their choices will be pretty limited.

MY money is on Samsung buying sharp. They have the deepest pockets, and have already made the first offer. I think Sharp will be in a more receptive mood once the Creditors begin to press them for repayment.

Vince

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